302
302
Oct 1, 2012
10/12
by
CNBC
tv
eye 302
favorite 0
quote 0
it has to buy essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised by. you have been a noted bear on wall street. but now you see that there could perhaps be headwinds when it comes to third-quarter earnings? >> i've been bullish during darkest hours of this market the past couple of years. the reason i'm cautious, i'mall quarter, we've seen a deterioration in export activity, investment spending and manufacturing activity that has something to do with the fiscal cliff uncertainty. certainly has to do with europe. i think it mostly has to do with the sharp deceleration in chinese construction activity. i don't think we're going to see any sign of a major improvement there until early next year. ri
it has to buy essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised...
388
388
Mar 30, 2012
03/12
by
CNBC
tv
eye 388
favorite 0
quote 0
there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is only worth $7 billion. motorola, which has not had a great run to itself, sold for $12 billion. look, you've got to get aboard, over the hump, and even if you put a 20% premium on where it is today, that's $8.4 billion. that's a very, very digestible church for microsoft, for amazon, say for dell, hp. blackberry has a good name. it's just lost its way in terms of product development. >> yeah. you mentioned microsoft. of course, the journal today talks about the partnership that it has in place. >> yep. >> and in the journal's words, could be waiting for r.i.m.m. stock to get cheaper before it decide
there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is...
254
254
Oct 2, 2012
10/12
by
CNBC
tv
eye 254
favorite 0
quote 0
whoever the government is that made it so hard to buy also made it easy to buy. >> the banks are doing it on their own. five, six years they were willing to lend to anyone. >> sorry. >> go ahead. >> that was pointed out by the citi note that underwriters are much tighter these days. so the risk is we have all the starts and the home builders are doing well but they will reach the point where the buyers can't get the credit they need and demand is gone. >> that's why when the toll brothers made it, they were in the process. it is one of those things, why aren't more people using the money and bernanke -- go buy a house, chairman. chairman bernanke, go buy an apartment for rental. what you'll see is unless you pay in cash or cut out the banks entirely and that hurts the rate of return, unless you're paying crash you'll tie yourself up for a really long time. evil gains are feeding into things. i do need to modulate here in the risk of the parts of corporations and the banks doing a 180. this is trauma from the financial corporation, which is okay. you want them to have some memory of it.
whoever the government is that made it so hard to buy also made it easy to buy. >> the banks are doing it on their own. five, six years they were willing to lend to anyone. >> sorry. >> go ahead. >> that was pointed out by the citi note that underwriters are much tighter these days. so the risk is we have all the starts and the home builders are doing well but they will reach the point where the buyers can't get the credit they need and demand is gone. >> that's...
240
240
Nov 9, 2012
11/12
by
CNBC
tv
eye 240
favorite 0
quote 0
it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been talking for a couple of years how he was going to preclude the top rate from being extended beyond 2012. the interest isn't revenue. it's something that was not realistic to happen. but that became realistic, i don't think ud would be thal. >> last question, john. you talked about the potentially heavy tone with the speaker. that is a card that is still in his pocket. >>y, its's in his pocket and its in the pocket of his mem bys world would be to go and have it. the leadership knows that. think the leadership knows that they would go into a discussi
it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the country. >> i want you to tell me first of all how you know this? >> well, every ten years the census bureau does a survey of local governments and they count up all the local governments for every state in the whole country, school districts to basic districts, anything with taxes authority -- >> let me start you right there. anything with taxing authority. so, there is a reason for the proliferation of illinois fifedom and that is to get inside people's wallets. so you're talking about raising money. whether it's through municipal bonds like board of e
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the...
199
199
Mar 21, 2012
03/12
by
CNBC
tv
eye 199
favorite 0
quote 0
our government is very antagonistic to our banks. over there the fix turned out to be in. these people go to school with each other, their kids go to school with each other. i am saying that europe's culture said we're not going to let these banks fail because we are all part of the same strata. people don't look like that in this country. we don't play that game. >> i will say this when you look at some of the new greek debt that has been sort of reiterated. it is actually trading at a level which implies to some that yet another bailout could be coming in greece. now you've got concern about portuguese banks. do you feel, because i don't, but do you feel that the european banking crisis is officially over? >> as soon as you all it officially over, then you've got egg on your face. but here's what i want to point out. we are a growth country again. i talked last night on -- i almost said "mad men" because they're here today and also because i look like don draper. >> exactly the same, jim. >> we're like siamese twins. what i would point out is, don't you give me that grin
our government is very antagonistic to our banks. over there the fix turned out to be in. these people go to school with each other, their kids go to school with each other. i am saying that europe's culture said we're not going to let these banks fail because we are all part of the same strata. people don't look like that in this country. we don't play that game. >> i will say this when you look at some of the new greek debt that has been sort of reiterated. it is actually trading at a...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
the government is out of aig. the government's sales of the aig stake was one of ben's goals when he took the reins back in august of 2009. in a note to employees this morning, he wrote, that today warrants a celebration like no other in aig's history. the closing of this transaction will mark the full resolution of america's financial support of aig. with the profit to taxpayers of $22.7 billion to date. it marks one of the most extraordinary and what many believe the most unlikely turn-arounds in american business history. they sold their remaining 16% stake, over 234 million shares in aig at an average of $32.50 each. a corporate poster child at the financial crisis, aig resuscitated a government bailout by the treasury of $182 billion. the securities lending business and derivatives are nearly bankrupted, the property and casualty giant. as the firm's fourth ceo in two years, ben executed a plan to simplify the firm by key overseas businesses in order to rebay aig's debts. with one of his primary goals achieve
the government is out of aig. the government's sales of the aig stake was one of ben's goals when he took the reins back in august of 2009. in a note to employees this morning, he wrote, that today warrants a celebration like no other in aig's history. the closing of this transaction will mark the full resolution of america's financial support of aig. with the profit to taxpayers of $22.7 billion to date. it marks one of the most extraordinary and what many believe the most unlikely...
142
142
May 22, 2012
05/12
by
CNBC
tv
eye 142
favorite 0
quote 0
that is what separates government from anything profitable. and finally we'll talk to ira harris at the bottom of the hour, fitch downgrading japan shows a lack of a sense of urgency. why? their consolidation plan for fiscal responsibility is just not going to work. they're going to have to use the printing presses and fitch, moody's and s&p understand that. carl, back to you. >> yeah, and having their worst day in a very, very long time. thanks a lot, rick santelli. they're the big four in the dot-com and tech world. you may be surprised about which one is actually the most overvalued. we're going to talk about that after the break. we love theme parks but with four kids, it can just be too expensive. yeah, so to save money we just made our own. oh no! what could be worse than ninety-foot swells?! typhoon! first prize! it's a cheese grater. wooooo... this isn't scary. are you kidding me? look at that picture of your mom's hair from the '80s. there's an easier way to save. wooohooo... geico. fifteen minutes could save you fifteen percent or mo
that is what separates government from anything profitable. and finally we'll talk to ira harris at the bottom of the hour, fitch downgrading japan shows a lack of a sense of urgency. why? their consolidation plan for fiscal responsibility is just not going to work. they're going to have to use the printing presses and fitch, moody's and s&p understand that. carl, back to you. >> yeah, and having their worst day in a very, very long time. thanks a lot, rick santelli. they're the big...
226
226
Feb 29, 2012
02/12
by
CNBC
tv
eye 226
favorite 0
quote 0
that's why they lose trust in government. but, you know, this whole idea about prices and debasement of currency, if you loan me $100 and two years from now i gave you 90 back, you'd be pretty upset. but we hand that money back that's worth 10% or 15% or 20% less and the fact that nobody's able to do anything about it is upsetting. but if i don't give you your full $100 back, i'm steal 10g from you. so somebody's stealing wealth and it's very upsetting. in january at one of your press conferences, you said that you sort of poked a little bit of fun at people to downplay the 2% inflation rate. but if you say it's 2% and i say it's 9%, let's compromise and say it's 5%. you said that it doesn't hurt you unless you're one of those people who stick their money in the mattress. but where are you going to put it? are you going to put knit a cd and not make any money at all? this doesn't make any sense. it doesn't encourage savings. it just discourages people. but i do want to make a point about prices because prices go up. that, to
that's why they lose trust in government. but, you know, this whole idea about prices and debasement of currency, if you loan me $100 and two years from now i gave you 90 back, you'd be pretty upset. but we hand that money back that's worth 10% or 15% or 20% less and the fact that nobody's able to do anything about it is upsetting. but if i don't give you your full $100 back, i'm steal 10g from you. so somebody's stealing wealth and it's very upsetting. in january at one of your press...
217
217
Mar 14, 2012
03/12
by
CNBC
tv
eye 217
favorite 0
quote 0
government for ten years. that surge continues. that's been one bright spot. >> then pull up an intraday of gs if we can look at goldman. wondering what the impact is on the stock after a bruising, brutal op-ed in "the new york times"? greg smithgate as they are calling it. damage, i think, we were down 0.7, now down 0.6. a little more significant. we'll see if we get close to normal levels again. >> we will. wouldn't anticipate an op-ed like that would have much impact on the stock price. it is one withering criticism. fascinating he decided to make a decision to go public like that with a brutal criticism of this firm. much of it, i have been hearing for quite some time from clients, but importantly, those same clients don't seem to leave goldman sachs. >> right. one of the great paritiy parodi today, why i left the empire. darth vader complained killing isn't the same. he is trying to keep the integrity of the empire. >> we just watched episode six the other day in my household, again. it's all coming back to me. >> s&p -- we ar
government for ten years. that surge continues. that's been one bright spot. >> then pull up an intraday of gs if we can look at goldman. wondering what the impact is on the stock after a bruising, brutal op-ed in "the new york times"? greg smithgate as they are calling it. damage, i think, we were down 0.7, now down 0.6. a little more significant. we'll see if we get close to normal levels again. >> we will. wouldn't anticipate an op-ed like that would have much impact on...
389
389
Jan 27, 2012
01/12
by
CNBC
tv
eye 389
favorite 0
quote 0
government hasn't expended the tax credit. we can't put that in until the government acts on it. stronger performance and higher tax jurisdictions and that's just the way it falls. >> that's the way it is. let me ask you about the euro zone. that's been topic a in davos. how tough is it there? >> you listen to the politicians who are optimists and believe they can make it work. you listen to economists who aren't so sure. they are more pessimistic. when you add it up, it feels like it's going sideways. we have sectors doing quite well like agriculture and other places that are hesitating. i happen to be an optimist. i think it will work out, but will take a while. it will not be a quick solution. >> that's what we were talking about this week because we were waiting on greece. if we see a greece default, does that impact your business? do you worry about what the happenings? >> anything that impacts confidence impacts our business. people vote that way. consumption goes that way. how people respond to buying automobiles and things like that are very much their confidence about th
government hasn't expended the tax credit. we can't put that in until the government acts on it. stronger performance and higher tax jurisdictions and that's just the way it falls. >> that's the way it is. let me ask you about the euro zone. that's been topic a in davos. how tough is it there? >> you listen to the politicians who are optimists and believe they can make it work. you listen to economists who aren't so sure. they are more pessimistic. when you add it up, it feels like...
257
257
Sep 28, 2012
09/12
by
CNBC
tv
eye 257
favorite 0
quote 0
government per diems aren't helping. business travel needs to lift hotel occupancy through the election and actually in response to it. that will also be critical for next year's corporate rates for the likes of marriott and intercontinental about to thrash out for the hotels that they service. incidentally those two stocks are up 30% and 40% so analysts say be careful. the reits that hold the hotels will likely trade more properties. we'll follow on offerings for investors. and the hope trade is under way so accelerating yields or could be share holder pain. casual dining this year's drought is about to become next year's commodity head wind. in the burger wars value appetizing will increasingly be pitched against expensive remodeling possibly hurting everybody they say in the industry. that's a q 4 t and l check. i'm simon hobbs. >> amazon is planning an online market place for wine sales, the second attempt at selling wine to consumers after problems with a partner prompted it to end the first attempt three years ago.
government per diems aren't helping. business travel needs to lift hotel occupancy through the election and actually in response to it. that will also be critical for next year's corporate rates for the likes of marriott and intercontinental about to thrash out for the hotels that they service. incidentally those two stocks are up 30% and 40% so analysts say be careful. the reits that hold the hotels will likely trade more properties. we'll follow on offerings for investors. and the hope trade...
312
312
Jun 15, 2012
06/12
by
CNBC
tv
eye 312
favorite 0
quote 0
that's sufficient under the law to win a conviction for the government. here, of course, they had far more evidence, not only of friendship but deep financial relationships between the two parties. so that really was not much of a hurdle, in my view, for the prosecutor in this case. >> bertha? >> indeed, carl. that is one of the issues yesterday when they asked about conspiracy, the judge said that it didn't -- the conspiracy didn't need to work. the overt act didn't need to be successful, necessarily, for their to be a conspiracy. when they asked for clarification. that is, indeed, one of the charges on which they have found mr. gupta guilty along with three of the securities fraud charges. an interesting thing about this case, i was talking to a reporter with the indian media. there is tremendous interest in this case in india. you have to remember mr. gupta came to this country, had been orphaned as a young boy. he worked his way up, got an education, worked his way up to the top of the ranks at mckenzie. after that he was very much a corporate shaman
that's sufficient under the law to win a conviction for the government. here, of course, they had far more evidence, not only of friendship but deep financial relationships between the two parties. so that really was not much of a hurdle, in my view, for the prosecutor in this case. >> bertha? >> indeed, carl. that is one of the issues yesterday when they asked about conspiracy, the judge said that it didn't -- the conspiracy didn't need to work. the overt act didn't need to be...
207
207
Oct 26, 2012
10/12
by
CNBC
tv
eye 207
favorite 0
quote 0
trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the number more or less subject to revision than past quarters? >> you know, it's hard to say. i don't think there's any particular trend there. the inventory numbers will be rejiggered, probably the investor numbers. everything can come in. trade is a big factor, inventory's a big factor. hard to know, carl. right now it just -- it doesn't change your mind, right? had the number been 2.5 or 3%, i would have said, hey, time to rethink the economy. 2%, 1.8%, six of one, half a dozen of another. >> we'll get a lot of numbers t. >> we'll get to the
trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the...
239
239
Oct 3, 2012
10/12
by
CNBC
tv
eye 239
favorite 0
quote 0
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
211
211
Feb 24, 2012
02/12
by
CNBC
tv
eye 211
favorite 0
quote 0
it is not a government issue. the government is letting it happen. are they subsidizing it? oil companies have been subsidized for years in this country. >> that becomes part of the tax debate as we all know as well. >> when we're talking about this, obviously we have to take this in the context of how it impacts the american consumer and the economy. we have to remember that a year ago prices were about this high. gasoline prices were close to the levels we're seeing right now. a month after that or two months -- month and a half after that, the administration did tap the spr. >> look, let me tell you what you can do in the oil business right now if you're a commodity hedge fund. okay? not if you're an oil buyer. you can go rent a big tanker. a suez max. the most that can be held. for $10,000 to $15,000. you can go fill it up. you can write futures against it. you can hoard it. it's the trade that i would be putting on if i were at a hedge fund. i'd be just taking that -- i would throw a party on one of these ships. for 10 gs you could get 1,000 people on that deck. people
it is not a government issue. the government is letting it happen. are they subsidizing it? oil companies have been subsidized for years in this country. >> that becomes part of the tax debate as we all know as well. >> when we're talking about this, obviously we have to take this in the context of how it impacts the american consumer and the economy. we have to remember that a year ago prices were about this high. gasoline prices were close to the levels we're seeing right now. a...
221
221
Sep 10, 2012
09/12
by
CNBC
tv
eye 221
favorite 0
quote 0
the other guys weren't scrubbed by the government. this was by the government. they owned it. i don't think the tangible book is right. >> speaking of shares hitting the markets, michael kors announcing that some shareholders will sell about 20 million shares in the company's stock, about 10% of the shares outstanding. this transpired friday afternoon after the close. we are seeing the reaction today. what a run. down 4.4% is a drop in the bucket when you consider the run it's had since it ipo'd here on the new york stock exchange. >> you interviewed michael kors. he's still involved in designing? >> he is. what's so unique about him is he worked on the floor of retail. he worked the floor. he knows what sales. he has a real handle on what the margins are on any product he designs. from the drawing board, you know what the margins are likely going to be. >> tommy hilfiger still intimately involved in the design. >> has a good sense for what will sell and what won't. >> 14% same-store sales. >> j. crew has had a very sharp increase in sales. >> titan machinery is an interesting
the other guys weren't scrubbed by the government. this was by the government. they owned it. i don't think the tangible book is right. >> speaking of shares hitting the markets, michael kors announcing that some shareholders will sell about 20 million shares in the company's stock, about 10% of the shares outstanding. this transpired friday afternoon after the close. we are seeing the reaction today. what a run. down 4.4% is a drop in the bucket when you consider the run it's had since...
190
190
Aug 17, 2012
08/12
by
CNBC
tv
eye 190
favorite 0
quote 0
says was an elaborate scheme to steal from the firm and payoff a chinese government official. before he goes to prison he's talking to our own senior correspondent scott cohn. scott, over to you. >> prosecutors wanted a four-year sentence but u.s. district judge went with the lighter sentence of nine months. and worth note that garth peterson did not plead guilty to bribery, just evading morgan stanley's antiprescribery controls which he tells us it's not to say there wasn't bribery in china, along with a whole lot else. >> out of control. >> tell me about it. >> i guess there's three words, you know, drinking, smoking, and womenizing, you know, all the time. >> reporter: garth peterson joined morgan stanley in china in 2002, and everything took off. >> three or four nights a week i would be out in a karaoke and the whole night, drinking like crazy, pass out and go home and a girl next to me. one time i went out with this client down in southern china, just on about five or six of us he spent 200,000 u.s. on just the alcohol in one night. 200,000 u.s. >> reporter: paying the c
says was an elaborate scheme to steal from the firm and payoff a chinese government official. before he goes to prison he's talking to our own senior correspondent scott cohn. scott, over to you. >> prosecutors wanted a four-year sentence but u.s. district judge went with the lighter sentence of nine months. and worth note that garth peterson did not plead guilty to bribery, just evading morgan stanley's antiprescribery controls which he tells us it's not to say there wasn't bribery in...
467
467
Feb 3, 2012
02/12
by
CNBC
tv
eye 467
favorite 0
quote 1
the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david faber i would have told you that and we were working on the story for a long time. >> we asked dr. krueger about that or i did because there are people who are trying to point to that as a sign of potential weakness. it's important people understand that. so that change took place december to january i guess. >> right. january they put the new census numbers into the population estimates and that's what they come up with. >> i am curious, your thoughts on the ten-year which is not even at 2%. we heard from bernanke yesterday. if we had
the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david...
224
224
Mar 16, 2012
03/12
by
CNBC
tv
eye 224
favorite 0
quote 0
do you want the government picking winners and losers? >> i do favor subsidy that would be paid back. it's clean energy fuels that came on my show. that's andrew littlefair, my show, "mad money." and said exxon's not in favor of this. exxon paid the top dollar for xto. we talk about countrywide being a bad deal. when you pay $9 for nat gas and we're seeing these prices, obviously i think you should be using it for more than just utilities. but not exxon. they don't think that. >> yeah. >> let's watch that story. >> yeah. we're going to keep an eye on that. >>> all right. ups reiterating its plan to make an offer for tnt express. the transport saying it intends to file for approval of its bid documents to dutch market regulator afm by may 11th. tnt previously rebuffed ups's earlier offer. i'm not up on my dutch -- >> ups, people like -- remember, yesterday, fedex was up. ups. mentioned transports. they had a break out. a lot of people were shorting the market because they felt that transports not going to break out. yesterday i think was a
do you want the government picking winners and losers? >> i do favor subsidy that would be paid back. it's clean energy fuels that came on my show. that's andrew littlefair, my show, "mad money." and said exxon's not in favor of this. exxon paid the top dollar for xto. we talk about countrywide being a bad deal. when you pay $9 for nat gas and we're seeing these prices, obviously i think you should be using it for more than just utilities. but not exxon. they don't think that....
219
219
Feb 28, 2012
02/12
by
CNBC
tv
eye 219
favorite 0
quote 0
. >> are you finding that when i've traveled in china, there are a lot of government private partnerships in order to build the hotels. >> yes. in china, in fact, in the whole of asia and middle east, we manage the hotels because we run them all and we have our government entities. a lot of private as well. it's much more alike than it used to be. >> and you're confident with the contract law and everything else that you're dealing with in terms of the agreements that you reach with the owners of those properties? >> great question. yes we are at the moment. people understand branding and the right way of doing business. lucky we haven't had to test it too often. >> and what is your overall thesis in terms of growth given that you have a ground view there. there are foreign business men, i assume, and -- >> they used to be. we're different to most of the competitors. we have 160 open, 150 being built today. and actually more than 75% of our customers are domestic customers. it really is a domestic business and it's so much going on and so much activity. >> the intercontinental barclay --
. >> are you finding that when i've traveled in china, there are a lot of government private partnerships in order to build the hotels. >> yes. in china, in fact, in the whole of asia and middle east, we manage the hotels because we run them all and we have our government entities. a lot of private as well. it's much more alike than it used to be. >> and you're confident with the contract law and everything else that you're dealing with in terms of the agreements that you...
143
143
Dec 21, 2012
12/12
by
CNBC
tv
eye 143
favorite 0
quote 0
>> the charade that there is a government. that they agree to things. they react to a stock market plunge and react to furious citizens. but, what, do they react to the goodness of the republic? how long are we going to keep this up, goodness of the republic? is the last time we had this partisanship. how did that work out? >> in your view, cramer, are things that much worse today? even if plan b was taken up in the house, that it wouldn't pass the senate, that president obama would shoot it down anyhow, so plan b was largely inconsequential, are we actually worse off? does it show the deeper ridge in the republican party than anybody expected and we're much worse off in terms of thinking about achieving a grand bar bain? >> i don't think there's a rift in the republican party. i think boehner knew this wouldn't pass. he's not a clueless man. >> it doesn't look good as a result of having -- >> he's a gop. >> having gone out there, created this plan b idea -- >> it's cynical. >> the economy is down today, and people are losing faith that he can control h
>> the charade that there is a government. that they agree to things. they react to a stock market plunge and react to furious citizens. but, what, do they react to the goodness of the republic? how long are we going to keep this up, goodness of the republic? is the last time we had this partisanship. how did that work out? >> in your view, cramer, are things that much worse today? even if plan b was taken up in the house, that it wouldn't pass the senate, that president obama would...
241
241
Aug 31, 2012
08/12
by
CNBC
tv
eye 241
favorite 0
quote 0
according to a published report, booid man has considered quitting in recent weeks but the government has persuaded him to stay on the job. we have seen some walking away disgruntled over the ecb strategy but others would argue that opposition has kept the central bank from being able to stem the crisis. >> high profile political posturing some argue, was this a real -- was he really going to quit? is staying in the bank the reason he wants to help fight the proceed poetsd bond buying but it does add pressure on draghi. >> and to your point he has indicated he thinks he can be more effective in his role than not in the role and from a market point of view anyone that were to step up and take his spot wouldn't be any less hawkish. there wouldn't really be a change. >> comes on a morning with a lot of numbers, jobless rate in the eurozone matching the record high we saw in june. flat month on month and year-over-year up 2.2 points. >> this is what is so fascinating. you have a weak binch of data out of the eurozone over night. if you talk about the misery gauge, cpi rising, unemployment
according to a published report, booid man has considered quitting in recent weeks but the government has persuaded him to stay on the job. we have seen some walking away disgruntled over the ecb strategy but others would argue that opposition has kept the central bank from being able to stem the crisis. >> high profile political posturing some argue, was this a real -- was he really going to quit? is staying in the bank the reason he wants to help fight the proceed poetsd bond buying but...
356
356
Aug 30, 2012
08/12
by
CNBC
tv
eye 356
favorite 0
quote 0
i think the election outcome obviously depends -- really will govern where we end the year, though. >> that housing call yesterday was interesting, though. i think you're talking about some names 30% to 200% upside relative to the s&p, right? >> that's right. if you compare the cycle there's nine groups we've looked at to the three prior cycles. it's following a classic road map. it does look like we're sort of seeing a lot of confirmation. you're absolutely right. these are basically going to be doubles and triples over the next three years. >> tom, maury, thanks guys. going to be an interesting day both today and tomorrow. see you later. >> thanks. >> thanks. >>> want to bring your attention to amazon, by the way. bottom of our screen. the company saying the kindle fire is sold out. and that the kindle is now capturing 22% of u.s. tablet sales. hard to read. i mean, it's arguably -- you could argue the stock would open lower if, in fact, they're facing some inventory pressures here. >> how often have we talked about the kindle, carl, in the last six, nine months. not that often. rea
i think the election outcome obviously depends -- really will govern where we end the year, though. >> that housing call yesterday was interesting, though. i think you're talking about some names 30% to 200% upside relative to the s&p, right? >> that's right. if you compare the cycle there's nine groups we've looked at to the three prior cycles. it's following a classic road map. it does look like we're sort of seeing a lot of confirmation. you're absolutely right. these are...
121
121
Nov 5, 2012
11/12
by
CNBC
tv
eye 121
favorite 0
quote 0
that's why the 2010 midterms were a large factor in change with respect to the government. i don't think tomorrow will be any less large in terms of results. i do think people want to be proactive when the current of the country doesn't match the direction they want to country to go. in the end, who is the boss really is the people that are casting votes behind curtains, starting tomorrow, going into the evening. we have heard about flip-flopping. compromise. remember, everything changes after tomorrow. here you have the world of compromise. here you have flip-flopping. what are the definitions? compromise, everybody gets together. give and take. flip-flopping is similar. a change in attitude or direction. here is where they intersect. everything will change upon that intersection. we'll talk to governor engler about the same dynamic. in the end whatever you believe in, we realize the country needs compromise of the highest order. >> break out the venn die grachlt when we come back, the ipad mini has a week of sales under their belt. is it a success? the stock has been trou
that's why the 2010 midterms were a large factor in change with respect to the government. i don't think tomorrow will be any less large in terms of results. i do think people want to be proactive when the current of the country doesn't match the direction they want to country to go. in the end, who is the boss really is the people that are casting votes behind curtains, starting tomorrow, going into the evening. we have heard about flip-flopping. compromise. remember, everything changes after...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit that goldman took over the last couple of years. public still has a very negative perception, i think, of wall street. do you think that's changing? do you think you're doing something to change it? i note that you do 10,000 small businesses and 10,000 women, which are all important programs, but
the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence...
186
186
Jul 3, 2012
07/12
by
CNBC
tv
eye 186
favorite 0
quote 0
whether it's adp without the government or the bls with the government, and it's going to be a big driver. it will be the dynamic to trade through all month. do i have proof of that? one chart we had and still in a range really since the last unemployment number which was 69,000, put in the historic low yield of 145 in a 10 and it is about jobs and it's about jobs because it's about growth and it's about growth because all's we do is create debt. i don't see how much is going to change today but boy getting toward the end of the session we want to watch to see how the equity markets put in the final trades. melissa lee, back to you. >> rick santelli, thank you. let's check out energy and metals. sharon at the nymex and pretty big moves in wti and brent today. >> reporter: big moves. brent crude above $100 a barrel and wti near the highs of the session topping $87 a barrel. $3 move in both oil contracts and, of course, a lot of it has to do with tensions in iran. reports of missile tests. of course, reports of a draft bill to perhaps close shipping in the strait of hormuz. all of the facto
whether it's adp without the government or the bls with the government, and it's going to be a big driver. it will be the dynamic to trade through all month. do i have proof of that? one chart we had and still in a range really since the last unemployment number which was 69,000, put in the historic low yield of 145 in a 10 and it is about jobs and it's about jobs because it's about growth and it's about growth because all's we do is create debt. i don't see how much is going to change today...
191
191
Mar 20, 2012
03/12
by
CNBC
tv
eye 191
favorite 0
quote 0
government securities for a long time. so i'm very flattered that you still ask me that question. i think that the right low, if there is such a thing, for the 10-year u.s. treasury, is the equivalent of the nominal growth rate for the u.s. so that would be, say, 2% growth and 2.5% inflation. or 4.5%. we're a long way from there. but i think the 10-year treasury can reach 3% sometime this year. >> what will the fed attempt to do about that? can they suppress that? >> the fed can't do anything. the fed can only really affect short-term rates. i don't think the fed can have a major influence on long-term rates. the reason that -- that rates are so low is there's so much fear around the world. and the fear has driven investors everywhere into u.s. treasury. as people get a greater appetite for risk assets, the yield on treasuries will rise. >> byron, i want to ask you about the energy markets and the impact on stocks. do you see oil prices and gas prices where they stand right now as being a headwind for the u.s. stock market? >> well, you know, it's a little different this time. as
government securities for a long time. so i'm very flattered that you still ask me that question. i think that the right low, if there is such a thing, for the 10-year u.s. treasury, is the equivalent of the nominal growth rate for the u.s. so that would be, say, 2% growth and 2.5% inflation. or 4.5%. we're a long way from there. but i think the 10-year treasury can reach 3% sometime this year. >> what will the fed attempt to do about that? can they suppress that? >> the fed can't...
229
229
Feb 17, 2012
02/12
by
CNBC
tv
eye 229
favorite 0
quote 0
government. i should say convictions at this point. today, news of a minor arrest if you will of an independent research analyst named john kinnucan. he did make quite a splash sometime back when he was first approached by the fbi. that being mr. kinnucan who is a technology analyst, again, at a relatively small shop. we haven't seen the indictment at this point to see specifically where the allegations are about why he was in possession of material, nonpublic information. nonetheless, he was arrested at his home last night. again, about a year and a half ago i had an opportunity to talk to mr. kinnucan right after he was approached by the fbi. >> a couple suits jumped out of the sedan in front of my house, and they weren't portland suits. they were definitely new york suits. so it was a little bit like a flying saucer landing in the hood. they identified themselves and said they wanted to talk to me, so i invited them into my kitchen. and they immediately started rattling off a bunch of my research. and insinuating that it was imprope
government. i should say convictions at this point. today, news of a minor arrest if you will of an independent research analyst named john kinnucan. he did make quite a splash sometime back when he was first approached by the fbi. that being mr. kinnucan who is a technology analyst, again, at a relatively small shop. we haven't seen the indictment at this point to see specifically where the allegations are about why he was in possession of material, nonpublic information. nonetheless, he was...
278
278
Jun 29, 2012
06/12
by
CNBC
tv
eye 278
favorite 0
quote 0
do you think on the back side, when the government is really the entity that's paying and it's not free? the bill is going to come. but it's not going to come saying, here is your bill for healthcare. it will come via the irs. back to you. >> that's right. tax is the word of the week probably, rick, thanks so much. rick santelli, a market flash this morning. ryan, talking this morning about sony, ryan. >> yes, i will just move it along. the federal train commission okayed a deal to buy emi music publicing. so sony will go from fourth place music to first place, like new york, new york and adell's "rolling in the deep." the ftc still has to rule on whether universal music group can buy a different catalog from emi. that's more controversial. they will buy it from citigroup, carl. did you know that citigroup owned emi owe music group for $1.9 billion sni had no idea that citigroup was in the music publishing business at all. >> music publishing is a difficult business to follow. a lot of change over the past ten years. >> when is your track rolling out? >> i play the piano, yes -- >> why
do you think on the back side, when the government is really the entity that's paying and it's not free? the bill is going to come. but it's not going to come saying, here is your bill for healthcare. it will come via the irs. back to you. >> that's right. tax is the word of the week probably, rick, thanks so much. rick santelli, a market flash this morning. ryan, talking this morning about sony, ryan. >> yes, i will just move it along. the federal train commission okayed a deal to...